UPS - United Parcel Service, Inc.
| Previous Close | 107.35 |
| Open | 107.07 |
| Bid | 107.39 x 800 |
| Ask | 107.39 x 800 |
| Day's Range | 106.36 - 107.44 |
| 52 Week Range | 89.89 - 125.09 |
| Volume | 697,484 |
| Avg. Volume | 3,477,460 |
| Market Cap | 92.073B |
| Beta (3Y Monthly) | 1.42 |
| PE Ratio (TTM) | 19.43 |
| EPS (TTM) | 5.51 |
| Earnings Date | Apr 25, 2019 |
| Forward Dividend & Yield | 3.84 (3.58%) |
| Ex-Dividend Date | 2019-02-25 |
| 1y Target Est | 117.09 |
- Market Realist•1 hour ago
Why FedEx’s Q3 2019 Results Were Disappointing
Analysts Lower Target Price on FedEx after Its 2019 Outlook Cut(Continued from Prior Part)Below expectations On March 19, FedEx (FDX) reported dismal results for the third quarter of fiscal 2019, wherein its top and bottom lines both fell short of
- Motley Fool•yesterday
Why FedEx Has Slumped Nearly 30% in the Last Year
A combination of factors has contributed to a disappointing performance from the company's stock over the last year. Here's the lowdown.
- Benzinga•3 days ago
UPS, Inxeption Launch B2B E-Commerce Platform To Simplify User Transactions
UPS Inc . (NYSE: UPS ) and e-commerce technology start-up Inxeption said today they have launched a platform designed to allow business-to-business users to sell and distribute their goods across multiple ...
Reuters•3 days agoUPS eyes in-home health services with U.S. vaccine project
United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. The world's largest package delivery firm is preparing to test a U.S. service that dispatches nurses to vaccinate adults in their homes, Reuters has learned, as the company and its healthcare clients work to fend off cost pressures and competitive threats from Amazon.com. UPS did not disclose which vaccines it would be using in the project, but drug and vaccine maker Merck & Co told Reuters it is looking at partnering with the company for the initiative.
- GlobeNewswire•4 days ago
UPS And Inxeption Collaborate To Make B2B E-Commerce Easier For Merchants
Setting up, selling and shipping products online is getting easier for B2B merchants thanks to a new alliance between UPS (NYSE: UPS) and e-commerce technology company Inxeption. Today, the two companies announced a platform integration called Inxeption Zippy that helps businesses market and distribute their products on multiple online channels, from one secure place. Inxeption then helps them list, market and sell their products to their business customers.
- InvestorPlace•5 days ago
FedEx Earnings Signal a Changing World
FedEx (NYSE:FDX) stock is on the investing menu today as the "disaster of the day" and it could take the whole market down with it. The shares are off almost $10 today, or over 5%, after announcing disappointing third-quarter results.The Memphis-based delivery company said it earned $739 million, $2.80 per share, on revenues of $17 billion, against earnings of $2.07 billion, $7.59 per share, and revenue of $16.5 billion a year ago.CEO Frederick Smith didn't try to sugarcoat it, calling the numbers "below our expectations." He promised new investments to lower costs and return to earnings growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts, however, were left scratching their heads. CNN blamed the Trump trade wars, quoting CFO Alan Graf about FedEx Express' lower international revenue.But there could be another explanation. Growing Competition for FedEx Stock?I'm a regular customer of Amazon.Com (NASDAQ:AMZN). So are many neighbors. In years past, I got packages from a mix of U.S. Postal Service employees (especially on Sunday), UPS (NYSE:UPS) trucks and FedEx, I'm now seeing white Amazon trucks every day. During the recent Super Bowl in Atlanta, Amazon offered a subtle reminder of this. It brought out a fleet of dark blue vans for delivery. After the game they went back to the plain white ones. * 5 Cloud Stocks to Help Your Portfolio Fly FedEx is also facing more competition from UPS, its long-time rival. Over the last year UPS stock is up while FDX has lost 28% of its value.Smith himself said he saw "green sprouts" in the international market, although CNBC called the earnings a warning that global growth is slowing.A closer look at the numbers showed a more complex picture.Costs at FedEx Ground were up as the company launched six-day-a-week service and saw higher gas prices. FedEx International revenues were down, in part, due to weaker international currencies. Global profits were down on lower shipment weights and a customer preference for lower-profit services. Graf said the company is taking the usual responses to slowing business, buying out some employees, limiting hiring, and looking at other cost-cutting measures. FDX Stock a Bargain?Investors should be playing FedEx stock for its dividend, not capital gains. Over the last five years, that quarterly dividend has more than tripled, to 65 cents. Even with the latest miss, it's still covered four times by earnings.If you bought FedEx shares five years ago, when they were at about $135 each, you're currently seeing a yield of 5.2% on that investment, dividing the annual dividend of $2.60 per share by its March 20 opening price. The stock's trailing price-to-earnings multiple stands at just 9.4. The company's market cap of $45 billion is around two-thirds of its expected 2019 revenue of $68 billion.By these conventional measures FedEx is a bargain. It's good for the dividend, even with earnings depressed. The company is still forecasting earnings of over $15 per year, with capital spending of $5.6 billion. Those forecasts assume steady U.S. growth and no further international slowdown. The Bottom LineWhen you are buying dividend stocks for retirement, you look for those covering their dividends with earnings and you buy on weakness, when the yield is highest. FedEx has offered a steady stream of dividends since 2002, and they were not even cut during the last recession.For these investors, FedEx's depressed price today is a real bargain.For younger investors seeking fat capital gains, however, you might want to look elsewhere.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post FedEx Earnings Signal a Changing World appeared first on InvestorPlace.
Yahoo Finance•5 days agoGeneral Mills posts strong quarter, concerns at FedEx, done deal for Disney
General Mills, FedEx, Disney, Sage Therapeutics and Google are the companies to watch.
- Reuters•5 days ago
US STOCKS-Wall St drops after weak FedEx outlook; Fed on tap
U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. The policy statement will also shed light on long-awaited details regarding the Fed's plans to stop reducing its holdings of Treasury bonds. Hopes of a dovish stance from the Fed hit the rate-sensitive financial stocks, which fell 0.35 percent, while the bank subsector slipped 0.28 percent.
- MarketWatch•5 days ago
FedEx's stock tumble set to shave about 69 points off the Dow transports
Shares of FedEx Corp. tumbled 6.2% in premarket trade Wednesday, and were set to be a big drag on the Dow Jones Transportation Average , in the wake of the package delivery service's disappointing fiscal third-quarter report. The implied price decline would shave about 69 points off the price of the Dow transports, which would represent about 0.7% of Tuesday's closing price. J.P. Morgan analyst Brian Ossenbeck downgraded FedEx to neutral, after being at overweight since at least December 2016, and slashed his price target to $202 from $227. Ossenbeck said he is increasingly concerned that margins will be pressured even if FedEx's ground business can lower costs fast enough to growth profit. Shares of rival United Parcel Service Inc. fell 1.9% ahead of the open in sympathy. Meanwhile, futures for the Dow Jones Industrial Average slipped 8 points.
- Reuters•5 days ago
US STOCKS-Wall Street set for muted open as investors await Fed outlook
Wall Street's main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered. The U.S. central bank is largely expected to keep the fed funds rate steady and lower the number of hikes forecast for 2019 as it wraps up a two-day policy meeting, followed by a statement at 2 p.m. ET and a press conference by Fed Chairman Jerome Powell half an hour later.
Market Realist•5 days agoWhy Did FedEx Cut Its Fiscal 2019 Earnings Outlook?
FedEx Posted Weak Q3 Results, Cut Its Fiscal 2019 Outlook(Continued from Prior Part)Fiscal 2019 EPS outlookFedEx (FDX) slashed its fiscal 2019 earnings outlook. The ongoing global slowdown sent its third-quarter results below the expectations.
- Market Realist•5 days ago
FedEx Fell ~6% after Lower Q3 Earnings and Revenues
FedEx Posted Weak Q3 Results, Cut Its Fiscal 2019 OutlookFedExFedEx (FDX) stock fell nearly 6% during the extended trading session on March 19 after the company reported dismal third-quarter results on March 19. The company’s third-quarter top
- Market Realist•5 days ago
Amazon Quietly Zeroing in on $15.5 Trillion Opportunity
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Amazon steadily transforming into a logistics powerhouse There is a multitrillion-dollar industry that Amazon (AMZN) is quietly zeroing in on: transportation and logistics. In
- Zacks•6 days ago
FedEx (FDX) Misses 3rd Straight Quarter, Lowers Guidance
Shares in late trading fell on the news of an earnings miss and lowered guidance; the stock is currently down more that 4% in late trading.
- Investopedia•6 days ago
UPS vs. FedEx: What's the Difference?
Investigate the different business models and strategies for UPS and FedEx, two companies that seemingly compete for the same delivery business.
- Moody's•6 days ago
Max Capital Ltd Series 2007-03 -- Moody's upgrades four series of loans of Max Capital Ltd following update of methodology
Rating Action: Moody's upgrades four series of loans of Max Capital Ltd following update of methodology. Global Credit Research- 19 Mar 2019. Approximately JPY 49.77 bilion of structured securities affected....
- Markit•6 days ago
See what the IHS Markit Score report has to say about United Parcel Service Inc.
United Parcel Service Inc NYSE:UPSView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for UPS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting UPS. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding UPS is favorable, with net inflows of $17.72 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. UPS credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Yahoo Finance•7 days agoFedEx reports, FOMC meeting kicks off — What to know in markets Tuesday
FedEx reports earnings, and the Federal Open Market Committee kicks off its meeting. Here's what you need to know on Tuesday.
- InvestorPlace•7 days ago
Top 7 Service Sector Stocks That Will Pay You to Own Them
Without having reached a full quarter for the new year, the markets have already flashed frustrating signals. Unfortunately, a promising start stalled early. Since late February, the Dow Jones is still down in negative territory. But despite these challenges, services stocks present a viable opportunity.The most obvious tailwind is that American society mostly transitioned to a service-based economy. According to the International Trade Administration, 80% of private-sector jobs are levered to the service industry. More critically, we're really good at what we do.For the past year, President Donald Trump complained bitterly about trade-imbalances with other nations, particularly China. However, the Trump administration never says a word about the services trade, where we enjoy a robust surplus. Naturally, this dynamic boosts the case for services stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother favorable factor is that several publicly traded companies in this sector are also dividend stocks. During uncertain phases, these passive-income generating names provide practically-guaranteed returns. Additionally, dividend-payers tend to perform better during bear markets. * 7 Small-Cap Stocks That Make the Grade Finally, the service sector covers a wide range of opportunities. From retail to entertainment to communications, you'll have no shortage of options. Here are seven services stocks that will generate consistent, passive income for your portfolio: United Parcel Service (UPS)Source: Shutterstock Few service-based companies offer as much upside potential as e-commerce firms. However, popular names like Amazon (NASDAQ:AMZN) are not dividend stocks, but rather, operate purely on a capital-gains basis. So the next best thing is the transportation middleman, namely United Parcel Service (NYSE:UPS).Of course, the immediate criticism is that Amazon's venture into in-house product mailing solutions will completely disrupt UPS stock. Certainly, the situation looks bad for the courier. However, UPS responded with their own e-fulfillment service, and it has more credibility than Amazon can dream about.While I respect the e-commerce giant, UPS has an established transportation network. In terms of scales of economy, UPS stock easily wins out. Plus, the company pays out a generous dividend yield at 3.5%. You're just not going to get that with most services stocks levered purely to e-commerce. Penske Automotive Group (PAG)Source: Shutterstock With the advent and later dominance of ride-sharing apps like Uber and Lyft, the concept of buying cars is steadily becoming archaic. In my first-ever Uber ride, my driver told me his personal forecast: people will stop purchasing cars and transition to ride-sharing full-time.If such a prediction comes true, services stocks like Penske Automotive Group (NYSE:PAG) would simply implode. Although I'm not going to necessarily disagree with my driver -- gotta keep my five-star rating! -- the automotive still breathes.One of the main factors keeping PAG stock in the running is practicality. Sure, ride-sharing apps have added options to the mix. However, nothing beats the convenience and cost-savings of driving yourself to your desired destination. * 7 Single-Digit P/E Stocks With Massive Upside With Penske's massive dealership network, they consolidate whatever sales opportunities exist, eating alive the small guys. This stinks if you're on the receiving end of this tactic. However, for stakeholders in PAG stock, they're not complaining, especially because of its 3.6% yield. H&R Block (HRB)Source: Mike Mozart via FlickrAll services stocks provide important, and often necessary functions to society. However, no one has such an extreme love-hate dynamic like H&R Block (NYSE:HRB). Tax season is always a difficult time for families this time of year. Even if you're due for a refund, you don't like the paperwork involved.Of course, HRB stock makes a case for itself by alleviating this pressure for many families. This year, and moving forward, H&R Block presents an even more valuable service. That's because several taxpayers complained about the complexities and the surprise tax hit they incurred due to new laws.Moreover, the "gig economy" reshaped the labor force, with many (usually young) workers eschewing the corporate ladder for professional autonomy. Usually, though, this implies that these workers are independent contractors, which is a much more complicated tax process than being a run-of-the-mill employee.As such, you can expect HRB stock to significantly rise higher. And if not, the company is among the higher-paying dividend stocks, with a 4.1% yield. Verizon (VZ)Source: Shutterstock I'm usually not into dividend stocks as they don't fit my risk-taking personality. However, I recently took a shot with AT&T (NYSE:T). To summarize my bullish case for the telecom giant, I only need one "word," which obviously is 5G.However, AT&T isn't the only name among services stocks to benefit from the next-generation in wireless technology. Rival Verizon Communications (NYSE:VZ) offers similar fundamental upside. In fact, Verizon won a critical PR victory, becoming the first commercial 5G provider. But other reasons exist why you should consider VZ stock.While I'm partial to AT&T as an investment, the company has leveraged itself with aggressive acquisitions. If they don't pan out, T shares will have serious problems. True, VZ stock isn't perfect in this department, but it's more stable than its core competitor. * 5 Artificial Intelligence Stocks to Consider For this stability, you're not missing out that much in terms of passive income. Currently, Verizon offers a generous 4.1% dividend yield. BG Staffing (BGSF)Source: Flazingo Photos Via FlickrBack during the "analog" days, services stocks in the staff-sourcing industry had substantial relevancy. Primarily, organizations like BG Staffing (NYSEAMERICAN:BGSF) provided a useful platform for young workers to get their first professional job. Also, they helped get transitioning workers back on their feet.But with the rise of digitalization, along with social media outlets like Facebook (NASDAQ:FB), BGSF stock appears anachronistic. Often times, it's not about what you know, but who you know. Recent technologies have only made this adage frustratingly accurate, depending on your perspective.Still, I like BGSF stock and its chances to work its way out of its long-term funk. As I mentioned with H&R Block, BG Staffing benefits from the autonomous gig economy. Due to various factors such as changing employment dynamics, millennials won't typically stay at one job indefinitely.Admittedly, you'll probably need patience with BGSF stock. But while you're waiting, it's one of the highest-paying dividend stocks, featuring a 5% yield. Six Flags Entertainment (SIX)Source: Jeremy Thompson via FlickrMany investors have the mistaken impression that services stocks are boring; indeed, the name itself doesn't generate much excitement. However, this sector doesn't have to induce you into a coma, as renowned theme park Six Flags Entertainment (NYSE:SIX) proves.Famous (or notorious) for its stomach-churning rides, SIX stock has generated long-term gains since its initial public offering. Unfortunately, recent market sessions have offered the same diabolical sensations as you would get riding the theme park's "Full Throttle."Much of the volatility stems from SIX stock not recovering from its fourth-quarter 2018 earnings report. Although the company handily beat expectations for earnings per share, revenues disappointed against expectations. Six Flags delayed opening new locations in China due to its slowing economy. * 5 Chip Stocks to Watch Next Week However, don't forget that revenues have consistently increased over the years. Furthermore, a possible trade deal between the U.S. and China would skyrocket SIX stock. Because of the risks involved, the company pays out a 6.4% dividend yield. National CineMedia (NCMI)Source: ATLAS Social Media via FlickrI concede that National CineMedia (NASDAQ:NCMI) is a tough pill to swallow. The broader market downturn has disproportionately impacted services stocks related to the cineplex industry. Since the beginning of October, NCMI stock has dropped over 26%.Given the popularity of streaming-entertainment firms like Netflix (NASDAQ:NFLX), National CineMedia seemingly has no chance. However, I'd advise against knee-jerk reactions when assessing NCMI stock. The box office, though a legacy institution, remains very much relevant in the 21st century.How, you may ask? Simply, cineplex operators provide a social experience that streaming-related services stocks cannot. In dying shopping malls, astute developers refocused their efforts to provide event-based attractions for family-oriented Hispanic communities, to resounding successes. Against a comparable backdrop, NCMI stock may receive a similar lift.If nothing else, National CineMedia is one of the most generous, legitimate dividend stocks. With a yield of 9.4%, it's a risky but incredibly attractive proposition.As of this writing, Josh Enomoto was long AT&T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Top 7 Service Sector Stocks That Will Pay You to Own Them appeared first on InvestorPlace.
- InvestorPlace•7 days ago
FedEx Desperately Needs Q3 Report to Be a Winner
If any investors deserve a break, its the owners of FedEx (NYSE:FDX). Despite the 19% rebound from its late-December low, FDX stock is still down by a third of its early 2019 peak. A myriad of factor ranging from a slowing economy to increased competition to tariff wars have collectively worked against FedEx.Shareholders will get a chance at some relief after Tuesday's closing bell rings. That's when the delivery giant is slated to report its fiscal third quarter numbers.For better or worse, expectations are low. Although sales are projected to improve, analysts are expecting earnings to shrink. If the company can't meet or top lowered expectations, though, a renewal of the selloff could easily be in the cards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Perspective on FDX StockAll things considered, it could be worse. However, without lowering their buy/sell stance on shares, two different analysts have lowered their price targets on FDX stock within the past two weeks.Earlier in the month Citigroup analyst Christian Wetherbee lowered his price target on FedEx stock from $225 to $210, explaining "We are factoring in a softer outlook for Express related to slower International trends and ongoing profit headwinds from the TNT integration, as well as somewhat lower profit growth at Freight." * 7 Small-Cap Stocks That Make the Grade Cowen's Helane Becker lowered her target from $242 to $237, citing an operating environment that's unusually tough. Becker believes Brexit-related woes could weigh on FedEx's International Express unit.Most analysts remain optimistic for the long-haul though. Becker is excited about recent management changes, and anticipates annual earnings growth of between 10% and 15% for the next few years. Wetherbee, who maintains his "buy" rating, noted "real clarity may not be achieved until the company provides a full accounting of TNT, including potentially a write-down, and lays out fiscal [2020] targets in June."Stephens analyst Jack Atkins is also hopeful for the long haul, pointing out that cost reductions and scaled-back spending plans for 2020 could be used as catalysts to rekindle what Becker considers a stock with a "depressed" forward-looking valuation. It's All About ExpensesThe analysts' discussions are a microcosm of the confusion shareholders face heading into Tuesday's third-quarter report, scheduled for release after the market closes.As of the latest look, analysts are collectively calling for sales of $17.7 billion, up 7% year-over-year. But, those same pros anticipate earnings of only $3.17 per share, down from the $3.72 per share of FDX stock booked in the same quarter a year earlier.The relative success or failure of the company for the quarter that ended in February will largely hinge on expense management.Those headwinds have been blowing for a while, with ongoing pressure from rival United Parcel Service (NYSE:UPS) remaining in place, but with e-commerce titan Amazon.com (NASDAQ:AMZN) now handling more of its own delivery work.The swell of resistance prompted CFO Alan Graf to concede a quarter earlier "These trends, coupled with the change in service mix at FedEx Express, are negatively impacting the segment's financial results." He added, however, "We remain committed to actively managing costs with a heightened focus on increasing efficiency across the organization."The effort to achieve efficiency and cut costs is in contrast with investments from FedEx as well as UPS to increase capacity. Noteworthy how disparate the results of its different divisions -- Freight, TNT, Express, etc -- have been, and will likely continue to be. Looking Ahead for FedEx StockWhile challenges remain, at a forward-looking P/E of 10, those challenges may already be fully factored into the price of FDX stock.Investors expecting Amazon to act on the often-rumored acquisition of FedEx, however, may not want to hold their breath. Aside from the company's $47 billion price tag and the potential antitrust concerns such a deal could spawn, culturally and logistically, the two entities aren't an ideal fit. Such a pairing would certainly help Amazon solve its "last mile" problem, but integration and wrestling control of FedEx away from founder and CEO would be significant if not impossible hurdles to clear…… not that the matter would come up during the earnings call, except perhaps in the Q&A portion after official statements from the company are made.Whatever's in the cards on the acquisition front, investors have to assume FedEx will have to grow its way out of its current slump. That's not happening in a big way just yet. For the year now underway, analysts are modeling a per-share profit of $15.99, up modestly from the year-ago bottom line of $15.31.Cost-management will remain critical for the foreseeable future.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post FedEx Desperately Needs Q3 Report to Be a Winner appeared first on InvestorPlace.
- Zacks•10 days ago
What to Expect from FedEx's (FDX) Q3 Earnings
Let's see what to expect from FedEx's Q3 fiscal 2019 financial results, which are due out Tuesday, with larger global market conditions possibly trending in the wrong direction for the shipping and logistics powerhouse.
- Market Realist•10 days ago
FedEx’s Q3 2019 Earnings Are Likely to Fall YoY
What to Expect from FedEx's Q3 EarningsQ3 earnings expectations FedEx (FDX) is slated to report its fiscal 2019 third-quarter results on March 19. The courier and package delivery company has a mixed earnings surprise history, as it has surpassed
- American City Business Journals•10 days ago
Sovos Brands taps Home Depot CFO Carol Tomé for its board of directors
Sovos Brands, a food and beverage company, announced Thursday the appointment of Carol Tomé to its board of directors, where she will also chair the company's audit committee. Tomé is currently chief financial officer and executive vice president of corporate services for Home Depot (NYSE: HD), but in addition to her retail and financial services expertise, she is a seasoned chair of audit committees and is currently chair of the audit committee for the UPS (NYSE: UPS) Board of Directors. "We're honored to welcome Carol to the Sovos Brands Board," said William R. Johnson, chairman of the board for Sovos Brands and operating partner with Advent International. "Her expertise will be invaluable to the Sovos leadership team as they continue on their mission to acquire premium, on-trend brands with high-quality products that have significant growth opportunities." With the addition of Tomé, the Sovos Brands Board of Directors consists of six members including Bill Johnson, board chairman and operating partner with Advent International; Jeff Case, managing director at Advent International; David Roberts, principal at Advent International; Noosa Yoghurt's Co-founder Rob Graves and Todd Lachman, president and CEO of Sovos Brands.
- Benzinga•11 days ago
Employees Sue UPS For Discrimination Citing Slurs, Nooses In Warehouse
The lawsuit, filed in the Lucas County Court of Common Pleas on March 13, accuses UPS and five specific supervisors of "enabling and tolerating" a racist culture in the Maumee facility. "The Defendants have maintained a hostile work environment through these employment decisions, as well as by tolerating, and failing to remedy known racist comments and conduct," the lawsuit claims. The lawsuit calls for compensatory damages exceeding $25,000, legal fees and an undetermined amount of punitive damages for the plaintiffs who say they experienced incidents of apparent racism from white co-workers and supervisors.
